Roberto and Joanne de Guardiola, Jay W. Jordan II and 515 North Lake Way (Getty, Google Maps, The Jordan Corporation)
A financier flipped a non-waterfront Palm Seashore household to the wife of a private fairness manager for $14 million — an 80 percent markup in 8 months.
Records show Roberto de Guardiola, via an LLC named for the address, offered the house at 515 North Lake Way to Gretchen S. Jordan, in an off-current market offer.
Guardiola is president of New York-primarily based De Guardiola Advisors, an expense banking agency specializing in mergers and acquisitions. The Cuban-born financier and his inside designer wife, Joanne de Guardiola, have been longtime Palm Beachers.
In 2021, they offered their Palm Seashore household at 12 Lagomar Road for $15.3 million, opting for a condo at the Plaza of the Palm Shorelines that they purchased for $3 million the identical 12 months, data present. They’ve manufactured headlines for some of their other luxury investments –– in 2014, Architectural Digest showcased the couple’s renovation of late publisher Malcolm Forbes’ yacht, The Highlander.
Also in 2021, the few bought their Southampton, New York estate for $18.2 million, soon after listing it for $37.5 million in 2015. The 4.5-acre estate was designed in 1899 and at the time belonged to the Carnegie household.
Jordan is the spouse of Jay W. Jordan II, co-founder and handling associate of the Jordan Organization, a New York-centered private equity company. The few also bought the home at 273 Tangier Avenue in Palm Beach for $12.7 million in 2021, data exhibit.
De Guardiola bought the North Lake Way house for $7.8 million in June, in accordance to information. The .3-acre assets consists of a 3,000-sq.-foot residence built in 1963, with four bedrooms, 4 bogs, and one 50 percent- lavatory, data present. In accordance to a former listing, the home was extensively renovated in 2020, which includes the kitchen area and bathrooms.
The most current sale price tag of $14 million is an 80 p.c markup from de Guardiolas’ obtain rate eight months ago.
While the South Florida current market is cooling from its pandemic-era frenzy, costs have continued to rise, with non-waterfront attributes in Palm Seashore achieving cost records.
David Malm, a New England-based non-public equity and serious estate trader, acquired a new Palm Beach townhome for $12 million in a offer that closed this month. Financier Steven Hudson flipped a townhome for $26.7 million final thirty day period, earning about $1 million in the offer. Authentic estate trader Irwin Ackerman and his spouse, Mary Ackerman, bought a Palm Bach property going through the ocean for $34.9 million in an off-sector deal, also previous thirty day period.
